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Question No 04 Chapter No 8
Sale Book
04. Record the following transactions in the Sales Book of M/s Ajanta Electronics, Ranchi Jharkhand assuming CGST @ 9% and SGST @ 9%:
2018 | |
Mar.1 | Sold to Vandna Electronics, Kolkata West Bengal Vide Invoice No. 1255 : |
50 Musical Alarm Clocks @ 800 each | |
40 Wall Clocks @ 500 each | |
Trade Discount 20% | |
Mar.10 | Sold to Mohan Watch Company, Patna Bihar Vide Invoice No. 1256 : |
25 Deluxe Wall Clocks @ 800 each | |
Trade Discount 10% | |
Mar.15 | Sold to Superior Watch Company, Ranchi Vide Invoice No. 1257 : |
75 Deluxe Wall Clocks @ 800 each | |
40 Super Deluxe Wall Clocks @ 1,000 each | |
Trade Discount 15% | |
Mar.20 | Sold to Modern Electronics, Ranchi Vide Cash Memo No. 5234 : |
100% Musical Alarm Clocks @ 800 each | |
Trade Discount 20% |
The solution of Question No 04 Chapter No 8: –
Sele Book | ||||||||
Date | Particular | Invoice No. |
Detail | Cost |
Output CGST | Output SGST | Output ISGT |
Total |
2018 Mar. |
||||||||
1 | Vandna Electronics, Kolkata | 1255 | ||||||
50 Musical Alarm Clocks @ Rs 800 each | 40,000 | |||||||
40 Wall Clocks @ Rs 500 each | 20,000 | |||||||
60,000 | ||||||||
Less: 20% Trade Discount | 12,000 | |||||||
48,000 | ||||||||
Add: 18% IGST | 8,640 | |||||||
56,640 | 48,000 | 8,640 | 56,640 | |||||
10 | Mohan Watch Company, Patna Bihar | 1256 | ||||||
25 Deluxe Wall Clocks @ Rs 800 each | 20,000 | |||||||
Less: Trade Discount @10% | 2,000 | |||||||
18,000 | ||||||||
Add: 18% IGST | 3,240 | |||||||
21,240 | 18,000 | 3,240 | 21,240 | |||||
15 | Superior Watch Company, Ranchi | 1257 | ||||||
75 Deluxe Wall Clocks @ Rs 800 each | 60,000 | |||||||
40 Super Deluxe Wall Clocks @ Rs 1,000 each | 40,000 | |||||||
1,00,000 | ||||||||
Less: 20% Trade Discount | 15,000 | |||||||
85,000 | ||||||||
Add: CGST | 7,650 | |||||||
Add: SGST | 7,650 | |||||||
1,80,000 | 85,000 | 7,650 | 7,650 | 1,00,300 | ||||
1,51,000 | 7,650 | 7,650 | 11,880 | 1,78,180 |
Note: In Sales Book, we record only the credit sale of goods, so the transaction dated March 20 being the sale of electronics for cash will not be recorded..
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
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